香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8226） 截至二零二三年九月三十日止九個月 第三季度業績公佈 樹熊金融集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二三年九月三十日止九個月的未經審核 綜合業績。 本公佈列載本集團二零二三年第三季度報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關第三季度業績初步公 佈附載之資料之要求。載有GEM上市規則規定資料之本公司二零二三年第三季度 報告之印刷本將於適當時候寄發予本公司股東。 本公司之第三季度業績公佈已登載於聯交所網站「www.hkexnews.hk」及本公司網 站「www.koala8226.com.hk」。 承董事會命 樹熊金融集團有限公司 ...

Financial Performance - Total revenue for the six months ended June 30, 2023, was HKD 13,582,000, an increase of 4.6% compared to HKD 12,985,000 for the same period in 2022[4] - Gross profit for the six months ended June 30, 2023, was HKD 13,163,000, representing a 11.4% increase from HKD 11,816,000 in the previous year[4] - The net profit attributable to the owners of the company for the six months ended June 30, 2023, was HKD 6,911,000, compared to a loss of HKD 23,120,000 in the same period of 2022[6] - Basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 1.66, a significant improvement from a loss of HKD 15.17 in the previous year[6] - The adjusted profit before tax for the six months ended June 30, 2023, was HKD 8,799 thousand, a recovery from a loss of HKD (26,129) thousand in the same period of 2022[26] - The company reported a net profit of HKD 7,642 thousand for the six months ended June 30, 2023, compared to a net loss of HKD (22,041) thousand in the prior year[26] - The group recorded a net profit of approximately HKD 7,600,000 for the six months ended June 30, 2023, a significant improvement from a net loss of HKD 22,000,000 in the same period of 2022[66] - The group’s total revenue increased to approximately HKD 13,600,000 for the six months ended June 30, 2023, a 4.6% increase from HKD 13,000,000 in 2022[66] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 385,709,000, a decrease from HKD 414,053,000 as of December 31, 2022[8] - The company's net asset value increased to HKD 394,647,000 as of June 30, 2023, compared to HKD 387,005,000 at the end of 2022[10] - The company’s total liabilities decreased to HKD 61,383,000 as of June 30, 2023, from HKD 88,024,000 at the end of 2022[10] - The total assets as of June 30, 2023, were HKD 462,236 thousand, down from HKD 478,246 thousand as of December 31, 2022[29] - The total liabilities decreased to HKD 67,589 thousand as of June 30, 2023, from HKD 91,241 thousand at the end of 2022[29] - The total liabilities for accounts payable to clearing houses and cash clients decreased to HKD 48,046,000 as of June 30, 2023, from HKD 68,316,000 as of December 31, 2022, reflecting a reduction of approximately 29.6%[45] Cash Flow and Financing - For the six months ended June 30, 2023, the net cash used in operating activities was HKD (51,496) thousand, a significant decline from HKD 9,660 thousand in the same period of 2022[13] - The company’s financing activities used HKD 5,005 thousand in cash for the six months ended June 30, 2023, compared to HKD (1,247) thousand in the previous year[13] - The company’s cash and cash equivalents decreased by HKD 55,441 thousand during the six months ended June 30, 2023, compared to an increase of HKD 8,424 thousand in the same period of 2022[13] - Interest income from bank deposits for the six months ended June 30, 2023, was HKD 1,050 thousand, a significant increase from HKD 11 thousand in the same period of 2022[26] - For the six months ended June 30, 2023, the total loan interest income was approximately HKD 3,500,000, representing 25.7% of the group's total revenue, compared to HKD 1,700,000 and 13.3% in 2022[61] Revenue Segments - The company’s financial services segment generated revenue of HKD 9,844 thousand for the six months ended June 30, 2023, down from HKD 11,005 thousand in the previous year[25] - Total revenue from brokerage services for the six months ended June 30, 2023, was HKD 9,844,000, a decrease from HKD 11,005,000 in the same period of 2022, reflecting a decline of about 10.6%[54] - Margin financing revenue increased to HKD 8,495,000 for the six months ended June 30, 2023, compared to HKD 4,366,000 in 2022, marking an increase of approximately 94%[54] Accounts Receivable - Accounts receivable from cash clients increased to HKD 38,593,000 as of June 30, 2023, from HKD 18,790,000 as of December 31, 2022, representing a growth of approximately 105.5%[41] - The total accounts receivable from margin clients was HKD 87,084,000 as of June 30, 2023, slightly up from HKD 83,145,000 as of December 31, 2022, indicating an increase of about 4.4%[41] Corporate Governance and Compliance - The audit committee has reviewed the unaudited financial results for the six months ended June 30, 2023, and confirmed compliance with applicable accounting standards[90] - The company has adhered to the corporate governance code throughout the six-month period ending June 30, 2023[88] - There have been no changes in director information that require disclosure since the last annual report[89] - The board of directors consists of six members, including two executive directors and four non-executive directors[91] Strategic Plans and Risk Management - The company plans to expand its margin financing services to enhance revenue from brokerage and margin financing, which is expected to be a key growth driver[56] - The group aims to explore new business areas and investment opportunities while strictly controlling risks and enhancing internal management[67] - The group maintained a cautious approach to lending, focusing on borrowers with good credit ratings due to economic volatility caused by the pandemic[60] Other Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2023, consistent with the previous year[40] - The company reported no significant capital commitments as of June 30, 2023, indicating a stable financial position[49] - The group did not record any bad debts during the reporting period[61] - The company has not authorized any directors or key executives to profit from the acquisition of company shares or bonds during the period[83] - There are no interests held by directors or management shareholders in any competing businesses[84] - The company and its subsidiaries did not purchase, sell, or redeem any listed securities during the period[85] - The company has adopted a code of conduct for directors' securities trading, which complies with the GEM Listing Rules[86] - The report will be published on the Hong Kong Stock Exchange website for at least seven days from the publication date[91]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8226） 截至二零二三年六月三十日止六個月 中期業績公佈 樹熊金融集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月的未經審核 綜合業績。 本公佈列載本集團二零二三年中期報告全文，並符合香港聯合交易所有限公司（「聯 交所」）GEM證券上市規則（「GEM上市規則」）中有關中期業績初步公佈附載之資 料之要求。載有GEM上市規則規定資料之本公司二零二三年中期報告之印刷本將 於適當時候寄發予本公司股東。 本公司之中期業績公佈已登載於聯交所網站「www.hkexnews.hk」及本公司網站 「www.koala8226.com.hk」。 承董事會命 樹熊金融集團有限公司 ...

Financial Performance - Revenue for the first quarter of 2023 was HKD 6,734,000, an increase of 6.6% compared to HKD 6,319,000 in the same period of 2022[4] - Gross profit for the first quarter of 2023 was HKD 6,534,000, up from HKD 5,994,000 in the first quarter of 2022, reflecting a growth of 9.0%[4] - The company reported a profit before tax of HKD 4,918,000 for Q1 2023, a significant recovery from a loss of HKD 45,236,000 in Q1 2022[4] - Total comprehensive income for the period was HKD 4,224,000, compared to a loss of HKD 37,947,000 in the same quarter last year[4] - Basic and diluted earnings per share for Q1 2023 were HKD 0.93, a turnaround from a loss of HKD 25.26 per share in Q1 2022[4] - The company recorded a net profit of approximately HKD 4,200,000 for the three months ended March 31, 2023, compared to a net loss of HKD 37,900,000 in the same period of 2022[28] Income and Expenses - Other income, gains, and losses totaled HKD 1,640,000 in Q1 2023, a recovery from a loss of HKD 48,129,000 in the previous year[11] - Interest income from guaranteed financing increased to HKD 3,960,000 in Q1 2023, up from HKD 2,206,000 in Q1 2022, representing an increase of 79.5%[11] - Administrative expenses for Q1 2023 were HKD 3,103,000, compared to HKD 2,993,000 in Q1 2022, indicating a rise of 3.7%[4] - The company incurred finance costs of HKD 153,000 in Q1 2023, an increase from HKD 108,000 in Q1 2022[13] - Interest income from loans for the three months ended March 31, 2023, was approximately HKD 1,800,000, up from HKD 800,000 in 2022, accounting for 26.4% of total revenue[22] Equity and Shareholder Information - The total equity attributable to owners of the company as of March 31, 2023, was HKD 382,870,000, compared to HKD 314,550,000 as of March 31, 2022[5] - Basic earnings per share for the three months ended March 31, 2023, was HKD 3,866,000 compared to a loss of HKD 38,498,000 in the same period of 2022[15] - As of March 31, 2023, Ms. Huang Jiawen holds 79,600,089 shares, representing 19.07% of the company's issued share capital[32] Investments and Future Plans - The company plans to expand its margin financing services to enhance revenue from brokerage and margin financing[20] - The company is actively seeking suitable commercial properties in Hong Kong to expand its investment property portfolio[27] - The brokerage services revenue for the three months ended March 31, 2023, was HKD 286,000, down from HKD 641,000 in 2022[20] - The fair value gain from listed equity investments was approximately HKD 700,000 for the three months ended March 31, 2023, compared to a loss of HKD 47,700,000 in 2022[26] Corporate Governance - The audit committee reviewed the unaudited financial results for the three months ended March 31, 2023, and confirmed compliance with applicable accounting standards[37] - No directors or key executives have acquired any shares or bonds during the reporting period[34] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[36] - There are no interests held by directors in any competing businesses[35] - The company did not declare or recommend any dividends for the three months ended March 31, 2023, consistent with 2022[16]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何 部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8226） 截至二零二三年三月三十一日止三個月 第一季度業績公佈 樹熊金融集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈，本公 司及其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止三個月的未經審 核綜合業績。 本公佈列載本集團二零二三年第一季度報告全文，並符合香港聯合交易所有限公 司（「聯交所」）GEM證券上市規則（「GEM上市規則」）中有關季度業績初步公佈附 載之資料之要求。載有GEM上市規則規定資料之本公司二零二三年第一季度報告 之印刷本將於適當時候寄發予本公司股東。 本公司之第一季度業績公佈已登載於聯交所網站「www.hkexnews.hk」及本公司網 站「www.koala8226.com.hk」。 承董事會命 樹熊金融集團有限公司 ...

Company Overview - Koala Financial Group Limited is listed on the GEM of the Hong Kong Stock Exchange under stock code 8226, providing various financial services including securities brokerage, underwriting, asset management, lending, and property investment[7]. - The company has established a solid foundation in Hong Kong, becoming one of the major comprehensive financial groups in the region[7]. Community Engagement and Corporate Social Responsibility - The company actively participates in marketing activities to enhance brand awareness, sponsoring online financial media and programs on popular financial broadcasting channels[9]. - During the review period, the company distributed KN95 masks to clients and those in need, enhancing its positive public image amid the COVID-19 pandemic[11]. - The company was awarded the "Caring Company" logo by the Hong Kong Council of Social Service, recognizing its commitment to community, employee, and environmental care over the years[12]. - The company served as a major sponsor for the "Cookie Sale Campaign 2022," supporting elderly care services in Hong Kong[13]. - The company participated in the "Million Walk" event organized by the Community Chest, raising funds for family and child welfare services[16]. - The company was the title sponsor for the "Healthy Walk Online 2022," promoting physical activity during the pandemic[17]. - The company aims to maintain sustainable business development through ongoing community engagement and brand-building initiatives[9]. Financial Performance - The group reported a net loss of approximately HKD 57.9 million for the year ended December 31, 2022, a significant decrease from a net profit of approximately HKD 82.7 million in the previous year[23]. - Interest income from margin financing increased by 59.4% to approximately HKD 10 million in 2022, compared to HKD 6.2 million in 2021[25]. - Total assets decreased to HKD 478,246,000 in 2022 from HKD 493,619,000 in 2021, while total liabilities decreased to HKD 91,241,000 from HKD 130,158,000[20]. - The group's revenue from brokerage services was HKD 2,658,000 in 2022, down from HKD 3,767,000 in 2021[37]. - The group’s total revenue for the year was approximately HKD 19,095,000, a slight decrease from HKD 19,175,000 in the previous year, accounting for 81.3% of total revenue[37]. - The group recognized a realized loss of approximately HKD 79.6 million on listed securities during the year, compared to a fair value gain of approximately HKD 85.3 million in the previous year[23]. - The equity attributable to the owners of the company increased to HKD 379,004,000 in 2022 from HKD 353,048,000 in 2021[20]. - The group's revenue decreased to approximately HKD 23,500,000 for the year ended December 31, 2022, down about 9.3% from HKD 25,900,000 in 2021, primarily due to a decline in lending business revenue from HKD 6,300,000 to HKD 3,900,000[58]. - The group recorded a realized loss of approximately HKD 79,600,000 from the sale of listed securities, compared to a gain of HKD 11,100,000 in the same period of 2021[58]. Asset Management and Investment Strategy - The group plans to continue allocating resources to margin financing, expecting it to become a key growth driver in the future[25]. - The group has initiated asset management services through a subsidiary, aiming to provide stable and diversified income sources in the long term[30]. - The group plans to actively seek suitable commercial properties in Hong Kong to expand its investment portfolio[54]. Governance and Corporate Structure - The board of directors is committed to maintaining high corporate governance standards, ensuring accountability and transparency, and has complied with all provisions of the GEM Listing Rules Appendix 15 for the year ended December 31, 2022[89]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, focusing on enhancing shareholder value and overseeing business management[92]. - The board will review its governance practices at least annually and make necessary adjustments[90]. - The company has adopted a code of conduct regarding securities trading by directors, ensuring compliance with GEM Listing Rules[91]. - The company has established an investment committee responsible for formulating investment policies and reviewing the investment portfolio[118]. - The board is responsible for the effectiveness of the risk management and internal control systems, which were reviewed and deemed effective during the year[119]. Employee Relations and Development - As of December 31, 2022, the group had approximately 17 employees, with employee costs amounting to HKD 5,200,000, a decrease from HKD 6,200,000 in 2021[79]. - The company emphasizes competitive compensation, adjusting employee salaries based on individual performance, qualifications, experience, and labor market conditions[79]. - The company is dedicated to providing suitable ongoing training for employees to equip them for future developments[79]. - The percentage of trained employees in senior management was 100%, while only 43% of management and other employees received training during the reporting period, down from 72% the previous year[180]. - The company supports employees in obtaining professional qualifications and certifications, including registered accountants[180]. Environmental, Social, and Governance (ESG) Initiatives - The company recognizes the integration of environmental, social, and governance principles into its risk management system as crucial for sustainable development[132]. - The company is committed to sustainable development and considers various environmental and social factors in decision-making[145]. - The total greenhouse gas emissions for the reporting period were approximately 38.26 tons, with a per-employee emission of 2.25 tons[149]. - The company has implemented measures to reduce energy consumption, such as turning off air conditioning at night and maintaining office temperatures at 25 degrees Celsius during summer[149]. - The company aims to reduce greenhouse gas emissions by 10% by the end of 2030 through various energy-saving initiatives[166]. Compliance and Risk Management - The company has established an anti-corruption policy to ensure compliance with anti-corruption laws across all employees and directors[192]. - All employees are prohibited from offering or receiving any form of bribes or commissions under any circumstances[193]. - The company has implemented a reporting policy for misconduct, ensuring confidentiality and sensitivity to protect whistleblowers[196]. - The company strictly adheres to applicable laws and regulations regarding product/service liability in Hong Kong[186]. Customer Relations - The company maintains clear and continuous communication channels with customers, actively listening to feedback and responding promptly to complaints[185]. - Customer assets are safeguarded in independent accounts, with transactions conducted only upon customer consent or contractual obligations[187].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公佈全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8226） 截至二零二二年十二月三十一日止年度 末期業績公佈 樹熊金融集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公 司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止年度的經審核 綜合業績。 本公佈列載本集團二零二二年年度報告全文，並符合香港聯合交易所有限公司（「聯 交所」）GEM證券上市規則（「GEM上市規則」）中有關年度業績初步公佈附載之資 料之要求。載有GEM上市規則規定資料之本公司二零二二年年度報告之印刷本將 於適當時候寄發予本公司股東。 本公司的末期業績公佈已登載於聯交所網站「www.hkexnews.hk」及本公司網站 「www.koala8226.com.hk」。 承董事會命 樹熊金融集團有限公司 ...

Financial Performance - Total revenue for the nine months ended September 30, 2022, was HKD 16,581,000, a decrease of 2.73% compared to HKD 17,046,000 for the same period in 2021[4] - Gross profit for the nine months ended September 30, 2022, was HKD 15,195,000, down from HKD 15,996,000 in 2021, reflecting a decline of 5.01%[4] - The company reported a loss before tax of HKD 52,750,000 for the nine months ended September 30, 2022, compared to a profit of HKD 114,543,000 in the same period of 2021[4] - The net loss attributable to owners of the company for the nine months ended September 30, 2022, was HKD 45,364,000, compared to a profit of HKD 94,753,000 in 2021[6] - The basic and diluted loss per share for the nine months ended September 30, 2022, was HKD 26.41, compared to earnings of HKD 68.09 per share in 2021[6] - The group's net loss for the nine months ended September 30, 2022, was approximately HKD 44,100,000, a significant decrease from a net profit of approximately HKD 95,800,000 in the same period of 2021[35] Revenue Breakdown - The revenue from securities brokerage, underwriting, and related services for the nine months ended September 30, 2022, was HKD 7,281,000, compared to HKD 7,248,000 in 2021, showing a slight increase[16] - The securities brokerage segment contributed approximately 83.5% of total revenue for the nine months ended September 30, 2022, up from 67.1% in 2021[28] - Rental income during the period was approximately HKD 400,000, representing 2.3% of the group's total revenue, up from 1.6% in the previous year[33] Investment and Financing - The company issued 278,335,994 shares at a subscription price of HKD 0.3 per share, raising approximately HKD 83,500,000 before expenses[8] - Interest income from margin financing increased to HKD 6,557,000 for the nine months ended September 30, 2022, up from HKD 4,195,000 in 2021, representing a growth of approximately 56.4%[16] - Interest income from loans for the nine months ended September 30, 2022, was HKD 2,365,000, a significant decrease from HKD 5,322,000 in 2021, reflecting a decline of approximately 55.6%[16] - As of September 30, 2022, the outstanding loans and interest receivable amounted to HKD 33,600,000, down from HKD 38,300,000 in 2021[30] Unrealized and Realized Losses - The unrealized loss on listed securities for the nine months ended September 30, 2022, was HKD 59,339,000, compared to a gain of HKD 99,430,000 in the same period of 2021[4] - The fair value loss on listed equity investments for the nine months ended September 30, 2022, was approximately HKD 59,300,000, compared to a gain of HKD 99,400,000 in 2021[32] - The group recorded a realized loss of approximately HKD 1,300,000 from the sale of listed securities, compared to a gain of approximately HKD 11,100,000 in the same period of 2021[35] - The group experienced an unrealized loss of approximately HKD 59,300,000 on listed securities, a significant decline from a gain of approximately HKD 99,400,000 in the same period of 2021[35] Administrative and Other Expenses - Administrative expenses for the nine months ended September 30, 2022, were HKD 9,123,000, down from HKD 10,890,000 in 2021, indicating a reduction of 16.19%[4] - The company recorded other income and gains of HKD 2,421,000 for the nine months ended September 30, 2022, compared to HKD 92,000 in 2021[4] Shareholder Information - The total equity attributable to owners of the company as of September 30, 2022, was HKD 389,100,000, a decrease from HKD 356,112,000 at the end of 2021[7] - The average number of ordinary shares for the nine months ended September 30, 2022, was 171,793,000, an increase from 139,168,000 in 2021 due to a share consolidation adjustment[21] - The company did not recommend any interim dividend for the nine months ended September 30, 2022, compared to no dividend in 2021[23] - As of September 30, 2022, the major shareholder, Ms. Wong Ka Man, held 79,600,089 shares, representing 19.07% of the issued share capital[39] Future Plans and Strategies - The board plans to continue developing existing businesses while actively exploring new business areas and seeking suitable investment opportunities[36] - The group aims to strictly control risks, strengthen internal management, and formulate prudent investment strategies to enhance shareholder returns[36] - The board is actively seeking suitable commercial properties in Hong Kong to expand the investment property portfolio[33] - The group is looking to diversify its investment property portfolio by exploring opportunities in Hong Kong's retail and industrial properties[33]

Financial Performance - The company reported total revenue of HKD 12,985,000 for the six months ended June 30, 2022, representing a 39.5% increase compared to HKD 9,307,000 in the same period of 2021[4] - Gross profit for the six months ended June 30, 2022, was HKD 11,816,000, up 38.5% from HKD 8,534,000 in the previous year[4] - The company recorded a loss before tax of HKD 26,129,000 for the six months ended June 30, 2022, compared to a profit of HKD 96,054,000 in the same period of 2021[4] - The company reported a basic and diluted loss per share of HKD 16.61 for the six months ended June 30, 2022, compared to earnings of HKD 57.59 in the same period of 2021[5] - The company reported a comprehensive income of HKD 15,906,000 for the three months ended June 30, 2022, compared to HKD 76,972,000 in the same period of 2021[5] - The group reported a segment loss of HKD 19,888,000 for the six months ended June 30, 2022, compared to a profit of HKD 103,580,000 in the same period of 2021, indicating a significant decline in performance[24] - The group incurred a pre-tax loss of HKD 26,129,000 for the six months ended June 30, 2022, compared to a profit of HKD 96,054,000 in the same period of 2021[25] - The net loss for the six months ended June 30, 2022, was approximately HKD 22,000,000, compared to a net profit of approximately HKD 80,400,000 in the same period of 2021[63] Assets and Liabilities - The net asset value decreased to HKD 341,420,000 as of June 30, 2022, down from HKD 363,461,000 at the end of 2021[8] - Total liabilities decreased to HKD 108,664,000 as of June 30, 2022, from HKD 112,158,000 at the end of 2021[8] - The company’s total assets decreased to HKD 395,898,000 as of June 30, 2022, from HKD 424,207,000 at the end of 2021[7] - The group’s total assets decreased to HKD 461,837,000 as of June 30, 2022, down from HKD 492,286,000 at the end of 2021, representing a decline of 6.2%[28] - The total liabilities decreased to HKD 120,417,000 as of June 30, 2022, down from HKD 128,825,000 at the end of 2021, reflecting a decline of 6.5%[28] Cash Flow and Financial Position - The company’s cash and cash equivalents increased to HKD 131,895,000 as of June 30, 2022, compared to HKD 123,471,000 at the end of 2021[7] - The total cash and cash equivalents at the end of the period increased to HKD 131,895,000 from HKD 147,056,000, reflecting a decrease of 10.3% year-on-year[12] - The net cash generated from operating activities for the six months ended June 30, 2022, was HKD 9,660,000, a decrease of 70.0% compared to HKD 33,302,000 for the same period in 2021[12] Revenue Sources - Revenue from securities placement, underwriting, and brokerage services increased to HKD 11,005,000, up 104.9% from HKD 5,393,000 in 2021[24] - Total revenue from brokerage services for the six months ended June 30, 2022, was HKD 11,005,000, an increase of approximately 84.8% compared to HKD 5,393,000 in 2021[55] - Interest income from loans for the six months ended June 30, 2022, was HKD 1,700,000, a decrease from HKD 3,600,000 in 2021, representing 13.3% of total revenue[57] Expenses and Costs - The company’s administrative expenses for the six months ended June 30, 2022, were HKD 6,614,000, a decrease from HKD 7,006,000 in the previous year[4] - The group’s financial expenses decreased to HKD 121,000 for the six months ended June 30, 2022, down from HKD 494,000 in the same period of 2021, a reduction of 75.6%[30] - As of June 30, 2022, the group had approximately 19 employees, with total employee costs amounting to HKD 2,700,000, a decrease from HKD 3,400,000 in the previous year[76] Shareholder Information - The beneficial owner Huang Jiawen holds 26,533,363 shares, representing 19.07% of the issued share capital[82] - The weighted average number of ordinary shares for basic and diluted earnings per share was 139,168,000 shares for both periods[36] - The current share option plan, effective from July 8, 2002, will not grant any further options after its expiration on June 15, 2022[84] Corporate Governance and Future Plans - The board will continue to explore new business areas and seek suitable investment opportunities while strictly controlling risks and enhancing internal management[64] - The group plans to allocate approximately HKD 70,000,000 from the public offering proceeds to develop its securities business[67] - The audit committee reviewed the unaudited financial results for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards[92] Other Information - The company did not recommend any interim dividend for the six months ended June 30, 2022, consistent with the previous year[39] - The group has not completed any significant acquisitions or disposals that require disclosure under GEM listing rules during the reporting period[71] - The group reported no significant contingent liabilities as of December 31, 2021, and June 30, 2022[78] - The board does not believe the group is facing any foreign exchange risks, as transactions are primarily denominated in HKD[79]

Financial Performance - Revenue for Q1 2022 was HKD 6,319,000, an increase of 42.2% compared to HKD 4,444,000 in Q1 2021[4] - Gross profit for Q1 2022 was HKD 5,994,000, up 52.0% from HKD 3,947,000 in the same period last year[4] - The company reported a loss before tax of HKD 45,236,000, compared to a profit of HKD 4,070,000 in Q1 2021[4] - Total comprehensive loss for the period was HKD 37,947,000, a significant decline from a profit of HKD 3,396,000 in Q1 2021[4] - Basic and diluted loss per share for Q1 2022 was HKD 27.66, compared to earnings of HKD 2.56 per share in Q1 2021[4] - The company recorded a net loss of approximately HKD 37,900,000 for the three months ended March 31, 2022, compared to a net profit of approximately HKD 3,400,000 for the same period in 2021[34] Other Income and Expenses - Other income, losses, and gains totaled HKD (48,129,000) in Q1 2022, a decrease from HKD 4,800,000 in Q1 2021[4] - Interest income from guaranteed financing was HKD 2,206,000, an increase of 95.0% from HKD 1,130,000 in Q1 2021[13] - The company incurred financial expenses of HKD 108,000, down 59.6% from HKD 267,000 in Q1 2021[15] Equity and Investments - The total equity attributable to owners of the company as of March 31, 2022, was HKD 314,550,000, a decrease from HKD 353,048,000 at the beginning of the year[6] - The fair value of listed equity investments held by the company was approximately HKD 77,200,000 as of March 31, 2022, compared to HKD 36,200,000 as of March 31, 2021[32] - The company reported a realized loss of approximately HKD 400,000 from the sale of listed securities in Q1 2022, compared to a gain of HKD 2,500,000 in Q1 2021[34] - The company recorded a significant unrealized loss of approximately HKD 47,700,000 on listed securities in Q1 2022, compared to a gain of HKD 2,200,000 in Q1 2021, primarily due to losses from investments in Hong Kong Aerospace Technology Group Co., Ltd.[34] Future Outlook - The company plans to expand its investment property portfolio by actively seeking suitable commercial properties in Hong Kong[33] - The company anticipates that the brokerage and margin financing services will become a major growth driver moving forward[24] - The group anticipates that the COVID-19 pandemic may impact its financial performance, including fair value changes in securities investments and expected credit losses on loans and interest[36] Shareholding and Governance - As of March 31, 2022, Ms. Huang Jiawen holds 26,533,363 shares, representing 19.07% of the company's issued share capital[38] - The audit committee has reviewed the unaudited financial results for the three months ended March 31, 2022, and believes that the financial statements are prepared in accordance with applicable accounting standards[45] Revenue Breakdown - The brokerage services revenue was HKD 641,000 in Q1 2022, down from HKD 819,000 in Q1 2021[24] - The interest income from lending activities was approximately HKD 800,000 in Q1 2022, a decrease from HKD 2,300,000 in Q1 2021, accounting for 12.9% of total revenue[29] Dividends - The company did not declare or recommend any dividends for the three months ended March 31, 2022, consistent with the previous year[20]